Neale Richmond (Dublin Rathdown, Fine Gael)
Link to this: Individually | In context | Oireachtas source

246. To ask the Minister for Finance if he will provide an update on the ratification of the double taxation treaty between Ireland and Oman; and if he will make a statement on the matter. [6153/22]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Negotiations have concluded on a Double Taxation Agreement (DTA) between Ireland and the Sultanate of Oman. The next step in the ratification process from an Irish perspective is to seek Government permission to sign the DTA.

As DTAs are international agreements they also require the approval of the Oireachtas prior to the agreement having force in law. Following signature and, subject to the approval of the Oireachtas, these agreements are delivered into legislation through an update to Schedule 24A of the Taxes Consolidation Act 1997.

In respect to the DTA between Ireland and the Sultanate of Oman, consideration is being given to the next steps towards signature. The OECD Multilateral Convention to Implement tax Treaty Related Measures to Prevent BEPS(MLI) has been developed and implemented in the period since negotiation concluded and both Ireland and Oman are signatories to the MLI. The text of the proposed DTA is now being reviewed in light of the content of the MLI with a view to considering any further necessary steps before signature. I look forward to signature of this DTA in due course.